San Diego, CA
CBRE Facilitates $9.4 Million Sale of Industrial Property in San Diego
ATI will occupy the 36,475-sq.-ft.-warehouse space in Otay Mesa
June 21, 2023
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CBRE facilitated the sale of a 36,475-sq.-ft.-industrial property at 1207 Air Wing Road in San Diego for $9.4 Million. CBRE’s Ramin Salehi, John Smith and Joe Smith represented the buyer ATI, a cross-border logistics company, in the transaction.
“This purchase is the biggest owner-occupier purchase of the year in the market so far,” said Mr. Salehi. “The property provides ATI with a location to transport goods easily across the Cali Baja Region.”
The building was built in 2005 and features 12 dock-high doors, 28’ clear height and two ground-level doors. The property has a paved and secured yard for ample trailer storage and efficient transportation loading.
ATI will occupy the building just off State Route 905 and 125 with easy access to both the Otay Mesa Port of Entry and the future secondary Port of Entry in Otay Mesa.
Linda Greenberg and Michael Giuliano of Lee & Associates represented the seller RCJ Properties LLC.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.